Realm Security Emerges from Stealth with $5M Funding to Address Cybersecurity Data Overload

Realm Security launches with $5M in funding to tackle cybersecurity data overload - SiliconANGLE

Realm Security launches with $5M in funding to tackle cybersecurity data overload Startup Realm Security Inc. today launched its security fabric and announced that it had raised $5 million in seed funding to control the explosion of cybersecurity data inundating security teams. Founded by cybersecurity veterans Peter Martin, Jeff Kraemer and Sanket Choksey (pictured), Realm Security aims to address the explosion of security data and inherent challenges faced by cybersecurity teams globally. The company's service transforms sprawling security data into a unified, intelligent entity that allows security teams to effectively manage cost and escape vendor lock. The problem Realm Security is seeking to address is a real one: security data sprawl. A report in August from Forrester Research Inc. noted that "spiraling tech stack sprawl is driving budgets up" and that "security operations teams are constantly looking for ways to reduce the cost of managing, storing, and analyzing data -- typically done in the security information and event management platform." Realm Security argues that as security teams have rapidly adopted new defensive technologies to protect their evolving digital footprint and corresponding attack surface, the additional solutions have resulted in an explosion of data volume, velocity and variety, leading to runaway data management costs and overwhelming data logistics challenges for defenders. The company tackles the issue head-on by integrating and managing data from different sources and in various formats through artificial intelligence and data processing capabilities. Realm Security's service creates a single point of ingestion and management to allow security teams to normalize, suppress, route and enrich all data sources while pursuing a multi-destination strategy. Realm's platform is also claimed by the company to end vendor lock for customers and concurrently delivers powerful but simple control over rising costs due to usage-based licensing models. "Cybersecurity has increasingly become a data problem," said co-founder and Chief Executive Peter Martin. "In conferring with over a hundred security professionals, the volume of security data has increased between 300% and 500% in the past two years, creating an unmanageable threat as data inflows continue to scale. A shortage of talent available for the role of information security analyst further exacerbates this problem." The $5 million in seed funding came from Accomplice and Glasswing Ventures. "Security's hardest problem is managing large volumes of data and ensuring the right information goes to the right place at the right time," Rick Grinnell, founder and managing partner at Glasswing Ventures, commented on the deal. "Realm is tackling a critical problem with a team of storied industry veterans who have done this before."

Realm.Security Emerges from Stealth, Raises $5M to Manage Explosion of Cyber Security Data

BOSTON, Sept. 12, 2024 (GLOBE NEWSWIRE) -- Realm.Security, Inc., the security fabric company purpose-built for cybersecurity, announced today that it has emerged from stealth and raised $5 million in seed funding from Accomplice and Glasswing Ventures to control the explosion of cybersecurity data inundating security teams. Founded by a team of cybersecurity veterans with decades of experience building and scaling some of the most influential companies in the industry, Realm transforms sprawling security data into a unified, intelligent entity that allows security teams to effectively manage cost and escape vendor lock. The August 2024 Forrester Research, Inc. 2025 Budget Planning Guide For Security And Risk Leaders states, "Spiraling tech stack sprawl is driving budgets up." The report notes, "Security operations teams are constantly looking for ways to reduce the cost of managing, storing, and analyzing data -- typically done in the security information and event management (SIEM) platform." Over the past decade, security teams have rapidly adopted new defensive technologies to protect their evolving digital footprint and corresponding attack surface. These additional solutions have resulted in an explosion of data volume, velocity, and variety, leading to runaway data management costs and overwhelming data logistics challenges for defenders. Realm tames today's deluge of security data by integrating and managing data from different sources and in various formats through emerging artificial intelligence and data processing capabilities. By creating a single point of ingestion and management, Realm enables security teams to normalize, suppress, route and enrich all data sources while pursuing a multi-destination strategy. Adopting Realm's platform ends vendor lock for customers and concurrently delivers powerful, but simple, control over rising costs due to usage-based licensing models. "Cybersecurity has increasingly become a data problem," said Peter Martin, Co-Founder and CEO of Realm. "In conferring with over a hundred security professionals, the volume of security data has increased between 300% and 500% in the past two years, creating an unmanageable threat as data inflows continue to scale. A shortage of talent available for the role of information security analyst further exacerbates this problem." Realm.Security was founded by Peter Martin, Jeff Kraemer and Sanket Choksey to address the explosion of security data and inherent challenges faced by cybersecurity teams globally. Over the past three decades, the founders have been on the frontlines of innovation in security, having played crucial roles in creating, launching and scaling technology solutions for Carbon Black, Rapid7, Confer Technologies and Cisco Systems. The three founders have launched many successful new solutions and telemetry sources first-hand. "For the past 15 years, security teams have collected more and more data to see and stop the adversary. Today, teams have realized that the cost, time and noise associated with all of this data actually slows response time. There needs to be a better way to ensure the appropriate data is in the right place to better secure the enterprise," said Patrick Morley, former CEO of Carbon Black and Accomplice federated partner. "We are excited to partner and support the mission Realm is relentlessly pursuing." "We believe that pushing the boundary of what's possible is critical when solving meaningful and inherently hard problems," said Rick Grinnell, Founder and Managing Partner at Glasswing Ventures. "Security's hardest problem is managing large volumes of data and ensuring the right information goes to the right place at the right time. Realm is tackling a critical problem with a team of storied industry veterans who have done this before. We look forward to the journey ahead." About Realm.Security Headquartered in Boston, MA, Realm is pioneering the creation of an easy-to-implement, simple-to-use security fabric solution that is purpose-built for cybersecurity. Delivering tangible value quickly for resource-constrained security defenders is at the core of the company's mission. Realm empowers security teams to shift their focus from tools and technology to the real problem, stopping bad actors from achieving their end goal. To learn more, please visit: www.realm.security About Accomplice Based in Boston, MA, Accomplice has been part of the origin story of AngelList, Carbon Black, CoinList, DraftKings, FalconX, Integral Ad Science, Hopper, HQO, Near, Orchard, Patreon, PillPack, Recorded Future, SecurityScorecard, Veracode, WorkHuman, WHOOP, ZOE, Zoopla, and more. Accomplice is behind the Spearhead operator-angel movement and Accomplice Blockchain, and is also an anchor LP behind numerous solo GP funds including Archetype, Vinyl, Vibe, and Wolfhead. About Glasswing Ventures Glasswing Ventures is a first-capital-in venture capital firm dedicated to investing in startups applying AI and frontier technology to enterprise and cybersecurity markets. The Boston-based firm was founded by visionary partners with decades of experience in these markets, a disciplined investment approach, and a strong track record of industry-leading returns. Glasswing leverages its deep domain expertise and world-leading advisory councils to invest in exceptional founders who transform markets and revolutionize industries. Visit Glasswing Ventures for more information. PR Contact: Ilona Mohacsi EVP, Industry Analyst & Media Relations PenVine Inc. +1 631-764-3729 [email protected] A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/2037ff6e-1f44-48e7-a754-cf4fa64238fb Market News and Data brought to you by Benzinga APIs